StockNews.com Downgrades National CineMedia (NASDAQ:NCMI) to Sell

StockNews.com downgraded shares of National CineMedia (NASDAQ:NCMI) from a hold rating to a sell rating in a research note published on Monday morning.

A number of other analysts have also recently commented on the stock. Barrington Research upped their price target on shares of National CineMedia from $7.50 to $8.25 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Wedbush restated a “neutral” rating and issued a $7.50 target price (up previously from $6.00) on shares of National CineMedia in a report on Monday, November 4th. Finally, Benchmark restated a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.06.

National CineMedia Stock Up 8.6 %

NASDAQ:NCMI opened at $6.80 on Monday. The stock’s fifty day simple moving average is $6.76 and its 200-day simple moving average is $6.53. The firm has a market capitalization of $645.46 million, a P/E ratio of -27.20 and a beta of 2.06. National CineMedia has a 12-month low of $3.65 and a 12-month high of $7.60. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 0.03.

National CineMedia (NASDAQ:NCMI) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The company had revenue of $62.40 million for the quarter, compared to the consensus estimate of $58.20 million. During the same quarter in the prior year, the company earned $0.33 EPS. Equities research analysts expect that National CineMedia will post -0.14 earnings per share for the current year.

Insider Activity at National CineMedia

In other National CineMedia news, EVP Maria Vg Woods sold 23,742 shares of National CineMedia stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $6.51, for a total transaction of $154,560.42. Following the completion of the transaction, the executive vice president now owns 66,987 shares of the company’s stock, valued at $436,085.37. The trade was a 26.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On National CineMedia

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Intech Investment Management LLC bought a new stake in National CineMedia during the third quarter valued at approximately $97,000. The Manufacturers Life Insurance Company purchased a new position in shares of National CineMedia in the second quarter worth $124,000. SG Americas Securities LLC boosted its holdings in shares of National CineMedia by 141.2% during the third quarter. SG Americas Securities LLC now owns 30,929 shares of the business services provider’s stock worth $218,000 after purchasing an additional 18,108 shares during the period. Centiva Capital LP purchased a new stake in National CineMedia in the 3rd quarter worth approximately $219,000. Finally, MetLife Investment Management LLC purchased a new position in shares of National CineMedia during the third quarter valued at approximately $292,000. Hedge funds and other institutional investors own 69.49% of the company’s stock.

National CineMedia Company Profile

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.